ASEAN: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in ASEAN

In 2022, after two years of growth, there was significant decline in the ASEAN electric oven and cooker market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell in the following year.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in ASEAN

In value terms, electric oven and cooker production rose to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports in ASEAN

In 2022, electric oven and cooker exports in ASEAN expanded slightly to X units, with an increase of X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electric oven and cooker exports expanded rapidly to $X in 2022. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Thailand represented the key exporter of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in ASEAN, with the volume of exports recording X units, which was approx. X% of total exports in 2022. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%) and Vietnam (X%). The following exporters - Indonesia (X units) and Cambodia (X units) - each resulted at a X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters. At the same time, Cambodia (X%), Indonesia (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.), Vietnam (X p.p.), Cambodia (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest electric oven and cooker supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric oven and cooker export price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports in ASEAN

After two years of growth, supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units in 2022. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, electric oven and cooker imports declined slightly to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

Thailand prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by the Philippines (X units) and Malaysia (X units), together making up a X% share of total imports. Myanmar (X units), Vietnam (X units) and Singapore (X units) held a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Vietnam (X%), the Philippines (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Myanmar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a deep contraction. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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